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(PRGS) Progress Software complete technical analysis [charts+indicators] | Buy/Sell Progress Software | (PRGS) share price targets

Complete technical analysis of Progress Software (PRGS) by charts plus indicators, forecast predictions and share price targets for Progress Software (PRGS)

Progress Software trades in USA in Technology sector.

Showing technical analysis as on 2024-01-11 View latest technical analysis

10 day averaged volume of Progress Software is 225040

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	53.33	53.62	53.85	52.88	1.223 times
10 Wed Jan 2024	53.72	52.59	53.86	52.59	1.852 times
09 Tue Jan 2024	52.67	52.69	53.04	52.56	0.696 times
08 Mon Jan 2024	53.25	52.12	53.28	52.12	0.874 times
05 Fri Jan 2024	52.07	52.02	52.34	51.80	0.799 times
04 Thu Jan 2024	52.39	52.72	52.87	52.30	0.927 times
03 Wed Jan 2024	52.50	54.20	54.32	52.50	1.49 times
02 Tue Jan 2024	54.29	54.09	54.31	53.71	1.343 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.623 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.623 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.1 as stoploss in an intra day buy trade for a target of 54.17. However, stock will show a bearish move below 53.1.

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	51.80
Upside Target	53.86
Upside Target	54.42
Upside Target	54.49
Upside Target	54.72
Upside Target	54.92
Upside Target	55.65
Upside Target	56.13
Upside Target	61.50

Intraday share price targets for Progress Software (PRGS)

Target Type	Value
Downside Intraday Target	52.35
Downside Intraday Target	51.36
Upside Intraday Target	54.09
Upside Intraday Target	54.84
Downside Intraday Target	53.1

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	53.33	52.12	53.86	52.12	1.019 times
05 Fri Jan 2024	52.07	54.09	54.32	51.80	7.323 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.221 times
29 Fri Dec 2023	54.30	55.18	55.65	54.02	0.405 times
22 Fri Dec 2023	54.93	55.07	56.13	54.42	0.826 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Progress Software (PRGS)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	53.33	54.09	54.32	51.80	0.352 times
29 Fri Dec 2023	54.30	53.87	56.13	52.74	1.054 times
30 Thu Nov 2023	53.86	51.16	54.72	49.02	0.852 times
31 Tue Oct 2023	51.38	52.50	54.92	49.88	0.96 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Progress Software (PRGS)

Price action analysis of Progress Software ( (PRGS) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Progress Software ( (PRGS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Progress Software ( (PRGS) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Progress Software ( (PRGS) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Progress Software stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Progress Software in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Progress Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Progress Software in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Progress Software is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.29 and Progress Software (PRGS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Progress Software (PRGS) stock. Volume based technical analysis of Progress Software (PRGS) stock is negative.

Progress Software Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.